Import of pets allowed with health certificate and quarantine examination; no import licence or sanitary permit required for two pets.
Import of dogs and cats as baggage is allowed up to two per passenger without import licences or sanitary permits if passengers produce an official health certificate from the country of origin and the animals are examined by the Quarantine Officer; certificates must confirm absence of specified diseases and show rabies vaccination details.

Foreign exchange risk management relaxations expand authorised dealers' ability to offer swaps, overseas investments and forward covers subject to prudential controls.
Reserve Bank relaxes limits: authorised dealers may offer foreign currency rupee swaps to customers for hedging without the earlier specified market access caps (caps still apply where swaps create market supply); overseas investment caps are withdrawn in favour of Board approved limits; caps on forward bookings based on past trade performance are increased and annual rebooking caps for near term exposures removed, with rebooking restrictions for exposures beyond one year and cancelled long term swaps; timing restriction on hedging Tier I capital removed; forward cover to non residents for inward investments permitted subject to verification.

Electronic filing requirement mandates specified listed companies to upload prescribed disclosures to EDIFAR, centralizing online corporate reporting.
SEBI requires additional listed companies, chosen by market capitalization and turnover, to upload prescribed statements and documents to the EDIFAR portal pursuant to earlier EDIFAR instructions, with electronic filing effective from the quarter ending December 2002; stock exchanges must inform and advise the named companies about the online filing process.

FII registration fee reduction simplifies documentation and strengthens registration by requiring custodian and home regulator declarations.
Amendment revises FII registration and renewal by lowering the registration fee and simplifying required documentation: certified copy of governing clauses or agreement authorising investments; audited financial statements and annual report for at least twelve months; a declaration of registration or regulation by the applicant's home regulatory authority with registration particulars; and a declaration of a custodian agreement with a domestic custodian including its particulars.

Duty-free removal of production scrap for job-work permits conversion and return under revised EOU subcontracting rules.
EOUs are permitted to remove brass borings and production scrap into the Domestic Tariff Area for job work conversion into ingots/bars and return to the supplying EOU without payment of duty, subject to the procedural safeguards prescribed in the subsequent procedural circular and the subcontracting permissions under the prevailing export/import policy.

Duty-free import eligibility for leather purses and wallets affirmed under the 1% scheme, subject to notification conditions.
Purses and wallets made of leather are treated as included within "handbags and similar containers all made of leather" under condition 21A of Sr. No. 167A of Customs Notification No. 21/2002 Cus.; embellishments specified at Sr. No. 167A used in their manufacture are eligible for duty free import under the 1% scheme provided the notification's conditions are met, and a Public Notice and standing order are to be issued for implementation.

Transfer of unutilized duty-free goods: may be sold in DTA on duty payment or transferred as import to other units.
The Exim Policy provision permits an EOU/EPZ/STP/EHTP unit unable, for valid reasons, to utilise duty free imported or DTA procured goods to sell them in the domestic tariff area on payment of applicable duties or to transfer/sell them to another such unit; such transfers must be treated as imports by the recipient and endorsed on all transfer documents, and the disposal is to be exceptional with valid reasons recorded.

Excise duty exemption enables refund mechanism and full cenvat credit for eligible units under the scheme.
Exemption operates by refunding the portion of excise duty paid in cash to eligible new or substantially expanded manufacturing units for a limited period; manufacturers must first pay duty and then claim refund, while Cenvat Credit rules are adjusted so users of inputs and capital goods receive full credit including refunded amounts. Refunds should be processed promptly, with provisional payments by the fifteenth of the subsequent month where verification is pending, and pre-audit of large claims should not delay provisional relief. The notifications apply to factory clearances only and administrative guidance includes consultation on commencement of production and examination of unused expanded capacity.

Transhipment permit issuance on Saturdays permitted to allow Saturday filings and require ports to publish implementation notices.
Issuance and filing of Transhipment Permit at gateway ports are authorised on Saturdays to enable receipt of transhipment applications and issuance of permits on that day; Customs Houses must implement the change, issue a Public Notice and Standing Order to inform stakeholders, and report any implementation difficulties to the Board.

Adjustment in derivative contracts: exchanges must preserve participant position value through uniform, principles-based corporate action adjustments.
Exchanges may determine adjustments to stock option and single stock futures contracts at the time of corporate actions so that the value of market participants' positions on cum and ex-dates remains the same as far as possible; adjustments must follow international best practices, align with prior SEBI guidance, account for investor interest, and be uniform across all exchanges.

Separation of cash and derivative segments mandates separate governance and funds; CEO mandate withdrawn and inspection norms revised.
Requires separation of cash and derivative segments via distinct legal frameworks, membership, guarantee funds and governing councils while permitting shared operational resources; withdraws the mandatory appointment of a separate derivative-segment CEO with Executive Director/Managing Director assuming those duties; replaces 100% annual member inspections with a risk- and activity-based inspection policy that targets top members, samples remaining members, avoids prolonged non inspection of active participants, and must be submitted to the regulator for approval.

Eligibility criteria for underlying stocks require liquidity based quarter sigma sizing and monthly rolling recalculation for derivatives listing.
Stock options and single stock futures eligibility requires selection from top stocks by average daily market capitalisation and traded value and a minimum median quarter-sigma order size computed from four daily order book snapshots over the prior six months using the daily closing volatility estimate; exchanges must use a common methodology, publish details, recalculate monthly on a rolling basis, and may suspend issuance or force closure of derivative contracts if eligibility is not met, subject to consultation and uniform application across exchanges.

Depository service classification: electronic depository access treated as taxable banking and financial service, not exempted by e commerce guidance.
Depository operations enabling electronic account access and transactions, including the 'easi' facility that charges fees, constitute depository service and are taxable as banking and other financial services because that category includes provision and transfer of information and data processing; an earlier clarification excluding e commerce from online information/database access does not exempt services otherwise covered under separate taxable service categories.

Service tax on consulting engineer services: design, drawing and erection/commissioning work treated as taxable technical assistance.
Section 65(25) defines a Consulting Engineer as a professional or firm rendering advice, consultancy or technical assistance. Designing, drawing and related preparatory work performed for a client in the course of construction, even when billed within a lump-sum turnkey contract, constitute consulting engineer services and are taxable. Erection and commissioning of plant and machinery are likewise technical assistance and treated as taxable consulting engineer services.

Customs procedure for inland waterway exports: Haldia inspects and seals cargo, Namkhana verifies seal and issues Let Export Order.
Export shipments to Bangladesh may be loaded and examined at a designated storage and berth within Haldia Dock Complex, where Customs Officers will examine, load and seal cargo; exporters must file documents at LCS Namkhana, and the LCS will verify the Haldia seal and complete processing, including issuing the Let Export Order.

Special entitlement of duty free import: SEZ manufacturing units may clear specified goods to DTA without payment of duty.
Manufacturing units in SEZs may clear manufactured goods into the Domestic Tariff Area against the special entitlement of duty free import of goods under paragraph 7.8(c)(iv) of the Exim Policy without payment of duty, subject only to eligibility for the goods specified in the controlling customs notification and compliance with the notification's conditions.

Adjudication powers expanded for Additional and Joint Commissioners; higher thresholds allow more frontline officers to decide show cause notices.
Adjudication powers of Additional and Joint Commissioners of Customs are increased: in collusion, wilful misstatement or suppression cases Additional Commissioners may decide show cause notices up to an enhanced duty threshold and Joint Commissioners up to a raised lower threshold. For cases where the extended period is not invoked, the value limit (value of goods) for adjudication by both Additional and Joint Commissioners has been raised to a higher ceiling. Public Notices or Standing Orders are to be issued and implementation difficulties reported to the Board.

EEFC account eligibility expanded: DTA suppliers to SEZs may credit foreign exchange receipts to EEFC accounts.
Payments received in foreign exchange by a unit in the Domestic Tariff Area for supply of goods to a unit in a Special Economic Zone, when received out of the DTA supplier's foreign currency account, are to be treated as eligible foreign exchange earnings for credit to the Exchange Earner's Foreign Currency (EEFC) Account; authorised dealers may credit such receipts, the facility is effective from the date of the circular, and regulatory amendments to the Foreign Currency Accounts Regulations, 2000 will be notified.

Underwriter registration: submit Form A with required additional information complete and promptly to avoid processing delays.
SEBI requires applicants for registration or renewal as Underwriters to submit Form A together with the complete set of supplementary data specified in the 'Additional Information' on the SEBI website, supported by relevant documents; incomplete submissions may delay processing and applicants must provide all required material with the initial application.

Submission of Form A and complete additional information required for merchant banker registration to prevent processing delays.
Registration or renewal as a Merchant Banker requires submission of Form A together with the detailed 'Additional Information' and relevant supporting documents as specified on the regulator's website; applications must be full and complete to avoid processing delays and the requirement is effective immediately.